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NYSE Euronext posts 19 pct fall in Q4 profit on costs related to failed Deutsche Boerse deal

By The Associated Press  | February 10, 2012
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A board on the floor of the New York Stock Exchange shows the NYSE Euronext logo, Wednesday, Feb. 1, 2012. The European Union on Wednesday blocked the Deutsche Boerse's planned merger with NYSE Euronext, a $10 billion deal that would have created the world's largest financial exchange operator. (AP Photo/Richard Drew)
A board on the floor of the New York Stock Exchange shows the NYSE Euronext logo, Wednesday, Feb. 1, 2012. The European Union on Wednesday blocked the Deutsche Boerse's planned merger with NYSE Euronext, a $10 billion deal that would have created the world's largest financial exchange operator. (AP Photo/Richard Drew)

PARIS - NYSE Euronext says costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings.

The owner of the New York Stock Exchange, the Paris stock exchange and other operations reported net income of $110 million, or $0.43 per share, for the three months ended Dec. 31. That compares with $135 million, or $0.51 per share, in the same quarter the previous year.

Earnings were hit by $46 million in merger expenses and exit costs, largely from the collapsed Deutsche Boerse deal.

The two exchanges last week abandoned their $10 billion merger after European authorities blocked the tie-up over competition concerns.

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